Avnet (NYSE: AVT) director receives 29 phantom stock units tied to dividend

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AVNET INC director Helmut Gassel received a small equity-based compensation award. He acquired 29 Phantom Stock Units (PSUs) credited from the company’s quarterly dividend, each representing one share of common stock. Following this grant, he holds 7,688 PSUs, which settle in common stock after he leaves the board or upon a change of control.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GASSEL HELMUT

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	29	$90.91	$3K

Holdings After Transaction: Phantom Stock Units — 7,688 shares (Direct, null)

Footnotes (1)

Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock and will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer. Additional PSUs acquired as a result of the quarterly dividend.

Key Figures

Phantom Stock Units granted: 29 units Unit reference price: $90.91 per unit Total PSUs after grant: 7,688 units +1 more

4 metrics

Phantom Stock Units granted 29 units Dividend-equivalent grant on Phantom Stock Units

Unit reference price $90.91 per unit Reference value for newly granted PSUs

Total PSUs after grant 7,688 units Helmut Gassel’s Phantom Stock Units following transaction

Underlying common stock per PSU 1 share per unit Each Phantom Stock Unit equals one AVNET INC common share

Key Terms

Phantom Stock Units, change of control, quarterly dividend, grant, award, or other acquisition

4 terms

Phantom Stock Units financial

"Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

change of control financial

"will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

quarterly dividend financial

"Additional PSUs acquired as a result of the quarterly dividend"

A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 05:43 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GASSEL HELMUT

(Last)

(First)

(Middle)

C/O AVNET, INC.

2211 S. 47TH STREET

(Street)

PHOENIX

ARIZONA

85034

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AVNET INC [ AVT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units⁽¹⁾	⁽¹⁾	06/17/2026		A		29⁽²⁾		⁽¹⁾	⁽¹⁾	Common Stock	29	$90.91	7,688	D

Explanation of Responses:

1. Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock and will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer.

2. Additional PSUs acquired as a result of the quarterly dividend.

	/s/ Darrel S. Jackson, Attorney-In-Fact	06/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AVNET INC (AVT) report for Helmut Gassel?

AVNET INC reported that director Helmut Gassel received 29 Phantom Stock Units as a grant tied to the quarterly dividend. These units are part of his equity-based compensation and increase his total phantom unit holdings with the company.

What are Phantom Stock Units in the AVNET INC (AVT) Form 4 filing?

Phantom Stock Units are derivative awards that mirror AVNET INC common stock value. Each PSU equals one share of common stock and will be settled in actual shares when the director leaves the board or if a change of control occurs.

How many Phantom Stock Units does Helmut Gassel hold after this AVT transaction?

After this transaction, Helmut Gassel holds 7,688 Phantom Stock Units directly. This total includes the additional 29 units credited from the quarterly dividend, reflecting his accumulated equity-based compensation linked to AVNET INC common stock.

What was the size and nature of the latest AVNET INC (AVT) director award?

The latest award to director Helmut Gassel was 29 Phantom Stock Units, categorized as a grant or other acquisition. The units were acquired as additional PSUs resulting from AVNET INC’s quarterly dividend, not through an open-market stock purchase.

At what reference price were the new AVNET INC Phantom Stock Units recorded?

The 29 Phantom Stock Units were recorded at a reference value of $90.91 per unit. This figure reflects the price used for the award entry and helps quantify the notional value of the dividend-equivalent grant reported in the Form 4.

When will Helmut Gassel’s Phantom Stock Units in AVNET INC be settled?

Helmut Gassel’s Phantom Stock Units will be settled in AVNET INC common stock after he leaves the company’s board or upon a change of control. Until then, the units remain as deferred equity-based compensation tied to the share value.